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Intro -- Preface -- Contents -- P3 in Transportation: Roads, Bridges, and Parking: An Overview -- Introduction -- PPPs for Roads, Bridges, and Parking -- Spanish Toll Road PPPs in Financial Distress: Lessons Learned from the Strategic Behavior of the Stakeholders -- Risk Allocation and White Elephants in PPPs in Spain -- PPPs in the Mexican Road Sector -- PPPs in Colombia: Policy Lessons -- PPPs in India: A Study of Two Urban Road Projects -- Lessons from Indian National Highway Public-Private Partnerships -- PPP Lessons from Italy's Morandi Bridge Collapse -- Applying a Performance Measurement System in European PPP Road Projects -- Highway Infrastructure Delivery Through Government Finance and PPPs -- EU Financial Backing to Hybrid Transport PPPs -- Highway Public-Private Partnership Projects in the United States -- Case Studies of Financially Distressed Highway PPPs in the United States -- State PPP Laws: Why Are They Needed? -- An Alternative Approach to Funding Parking Structures -- PPPs in the Transportation Sector: Policy Implications -- Summary and Conclusions -- References -- Spanish Toll Road PPPs in Financial Distress: Lessons Learned from the Strategic Behavior of the Stakeholders -- The Toll Highway Concession System in Spain -- Crisis of the Highway Concession Model -- Impact of the Economic Crisis -- Traffic Overestimation -- Cost Overruns -- Termination of Concession Contracts in Spain: The State's Financial Liability -- Causes to Restore the Economic Balance of Concession Contracts in Spain -- Termination of Concession Contracts -- State's Financial Liability (RPA) -- Strategic Behavior of the Stakeholders -- Awarding of the Toll Roads -- Government -- Concessionaires and Construction Companies -- Lenders -- Economic Turndown and Land Costs Overruns -- State Aids and Rebalancing of the Contracts -- Government.
Concessionaires and Construction Companies -- Lenders -- Filing for Bankruptcy -- Government -- Concessionaires and Construction Companies -- Lenders -- Agreement Proposal Promoted by the Government in the Negotiation Phase -- Government -- Concessionaires and Construction Companies -- Lenders -- Opening of the Liquidation Phase -- Government -- Concessionaires and Construction Companies -- Lenders -- SEITTSA Solution -- Government -- Concessionaires and Construction Companies -- Lenders -- The Outcome as of 2020 and the Foreseeable Future -- Lessons Learned -- Glossary of Terms -- References -- Risk Allocation and White Elephants in PPPs in Spain -- Introduction -- Risk Allocation in Road PPPs -- The Trade-Off Between Risk Transfer and White Elephants -- Case Study: Road PPPs in Spain -- Renegotiations and Bailouts -- A New Wave of Toll Motorway PPPs -- A New Collapse of Toll Motorway PPPs -- Summary and Conclusions -- References -- PPPs in the Mexican Road Sector -- The Mexican Toll Road Sector -- Public-Private Partnership Models -- Project Risks, Mitigation, and Cases -- Right of Way-Related Risks -- During Construction -- During Operations -- Equity Contribution Risk -- Construction Risk -- Traffic Demand Risk -- Toll-Related Risks -- Toll Levels -- Toll Increases and Debt-Related Obligations -- Acts of God and Force Majeure-Related Risks -- Acts of God -- Force Majeure -- Risk Compensation -- Areas of Opportunity -- Lessons Learned -- Conclusions -- Reference -- PPPs in Colombia: Policy Lessons -- The Public-Private Partnership Contracts for Road Projects in Latin America -- The Public-Private Partnership Contract for Road Projects in Colombia -- The First Generation of the PPP Contract for Road Projects in Colombia -- Bogotá-Villavicencio Corridor, First PPP Model -- The Second Generation of the PPP Contract for Road Projects in Colombia.
The Third Generation of the PPP Contract for Road Projects in Colombia -- The Fourth Generation of the PPP Contract for Road Projects in Colombia -- Mulaló-Loboguerrero Corridor, a New PPP and Risk Management Characteristics -- Risk Assignment -- Renegotiation Context of PPP Contracts in Colombia -- Summary and Conclusions: Policy Lessons -- PPP Contributions in Developing Countries -- Best Practices in Road Infrastructure Planning: Accessibility and Territorial Cohesion Benefits -- Experiences in PPP Type and Project Scope -- Learning Process in Risk Distribution -- References -- Public-Private Partnerships in Roads Sector: A Study of Two Urban Road Projects in India -- Introduction -- Public-Private Partnership (PPP) -- PPPs in Roads/Highway Development -- Experience of PPP Projects -- PPPs in Urban Road Development -- Background -- Peripheral/Ring Roads -- Current Study of Urban Road Projects -- Case Project 1: Sardar Patel Ring Road, Ahmedabad -- Introduction -- Strategic Importance of the SPRR -- Project Development Phasing -- Project Implementation Structure -- Project Cost and Financing -- Land Acquisition for the Project -- Case Project 2: Nehru Outer Ring Road, Hyderabad -- Introduction -- Strategic Importance -- Project Development Phasing -- Project Implementation Structure -- Project Costs and Finance -- Land Acquisition and Compensation -- Comparison of Ring Road Projects -- Conclusions -- References -- Lessons from Indian National Highway Public-Private Partnerships -- Introduction -- History of NH PPPs in India -- NH PPPs Success Story -- Policy Initiatives -- Viability Gap Funding (VGF) and Premium (Negative VGF) Projects -- Performance of NHs Under PPPs and Non-PPP Projects -- Issues to Be Addressed for Further Growth of NH Projects in India -- Latest Developments in NH PPPs in India -- Summary -- References.
Public-Private Partnership: Lessons from Italy's Morandi Bridge Collapse -- Introduction -- Benefits and Shortcomings of Public-Private Partnerships -- The Case Study: The A10 Bridge History from the Construction to the Reconstruction -- Morandi Bridge Managing Contractor and Concession Contract -- The Polemic and the Judicial Inquiry Against Autostrade per l'Italia -- The Joint Venture for the Construction of the New Viaduct -- Infrastructure Monitoring and New Safety Regulations -- Summary and Conclusions -- References -- Applying a Performance Measurement System in European PPP Road Projects -- Introduction -- Measure of Success -- Methodology Adopted: A Case Study Approach -- Collection of Data and Information -- Evaluating Success -- Development of Key Performance Indicators and Performance Measures (KPIs and PMs) -- Three-Stage Delphi Method to Refine and Prioritize KPIs and PMs -- Assignment of Mean Zones (M), Weights, and Weighting Scores (WS) of KPIs and PMs -- Calculation of the General Level of Performance -- Analysis of Key Factors in Road Project Success -- Typology of the Analysed Projects -- Findings and Discussions -- Summary and Conclusion -- References -- Highway Infrastructure Delivery Through Government Finance and PPPs -- Introduction -- The Use of PPPs on the Strategic Road Network (SRN) -- Non-strategic Road Network -- Major Road Network (MRN) -- Construction of Non-strategic Roads -- Case Studies -- Data Collection -- Case Study 1: Bristol Harbourside Regeneration -- Adoption of New Highways -- Success of the Harbourside Redevelopment -- Case Study 2: Gloucester Quays Transformation -- Link Road -- The High Orchard Bridge -- Success of the Gloucester Quays Redevelopment -- Case Study 3: Taunton Firepool Regeneration -- Public/Private Partnership Delivery of NIDR -- Mixed Benefits of Taunton Firepool Redevelopment.
Summary and Lessons Learned -- References -- EU Financial Backing to Hybrid Transport PPPs -- Introduction -- The EU Market for Hybrid PPPs: A Complex Landscape -- Before 2000: Back to the Future? -- 2000-2006: PPPs Enter the EU Institutional Picture -- 2007-2013: Consolidation and Financial Diversification -- 2014-2020: The Response to the Great Recession Continues -- PPPs in the EU Market for Transportation Investment -- The Performance of Hybrid PPPs -- A New EU Habitat for Hybrid Funding -- The Bratislava D4-R7 Bypass -- A8 Motorway Germany -- Summary and Conclusions -- References -- Highway Public-Private Partnership Projects in the United States -- Introduction -- Toll Concessions -- Greenfield Toll Roads -- Water Crossings -- Priced Managed Lanes -- Financing Toll Concessions -- Availability Payment Concessions -- Financing Availability Payment P3 Projects -- Long-Term Lease Concessions -- Financing Long-term Lease Concessions -- Summary and Conclusions -- Case Studies of Financially Distressed Highway Public-Private Partnerships in the United States -- Introduction -- South Bay Expressway -- Project Overview -- Financial Challenges -- Resolution and Aftermath -- Indiana Toll Road -- Project Overview -- Financial Challenges -- Resolution and Aftermath -- SH 130 Sections 5 & -- 6 -- Project Overview -- Financial Challenges -- Resolution and Aftermath -- Capital Beltway Express -- Project Overview -- Financial Challenges -- Resolution and Aftermath -- Discussion -- Traffic Forecasts and Aggressive Financing -- Legal and Market Remedies -- Commercial Lending -- TIFIA's Springing Lien and Patience -- Other Issues -- Conclusion -- References -- State Public-Private Partnership Laws: Why Are They Needed? -- Introduction -- Public-Private Partnership as a Contractual Delivery Method -- P3 Typology -- The State Legislative Role in Transportation P3.
California's First Attempt at Transportation P3.
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Info
Handbook on public private partnerships in transportation, Volume II : roads, bridges, and parking / / Simon Hakim, Robert Maurice Clark, Erwin A. Blackstone, editors
